VivoPower’s Caret Digital Secures CAD$140M Investment for Power-to-X Strategy

VivoPower International ( (VVPR) ) has provided an update.

VivoPower International PLC’s subsidiary, Caret Digital, has secured a CAD$140 million investment commitment from GEM Global Yield LLC SCS. This investment will fund Caret Digital’s Power-to-X strategy, focusing initially on DOGE coin mining and later developing AI-enabled data centers. This move aims to enhance VivoPower’s market presence in renewable energy solutions and support the upcoming spin-off of Caret Digital, benefiting shareholders through potential dividends.

More about VivoPower International

Established in 2014 and listed on Nasdaq since 2016, VivoPower International PLC is a global sustainable energy solutions company focused on providing electric solutions for both off-road and on-road fleet applications. The company offers a comprehensive range of services including financing, charging, battery and microgrid solutions to assist customers in achieving net-zero carbon status. VivoPower operates across Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

YTD Price Performance: 2.13%

Average Trading Volume: 690,697

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $6.39M

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